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21 February 2024 | 6 replies
When conducting an analysis of the numbers and layout of a commercial real estate property, would it be advisable to engage the leasing broker representing the property, or should I seek to gather comparable data and financial information online independently?
20 February 2024 | 2 replies
Hey @Simeon Stubblefield, When it comes to entity or trust owned properties, it's hard to find accurate data to contact the representatives or owners.
20 February 2024 | 2 replies
Kevin,My advise is to seek out 2-3 independent Insurance agents (they represent multiple companies) that can write in CA.
20 February 2024 | 6 replies
Sense Financial who @Brett Synicky represents is a plan provider and very reputable.
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20 February 2024 | 5 replies
I recently became a licensed Real Estate Agent in order to get access to the MLS and get be able to represent myself, as I saw this as a good first step in my real estate journey.
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20 February 2024 | 2 replies
I pretty much represented myself.
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22 February 2024 | 24 replies
You probably only need 1 attorney, because of your relationship with your partner, who will represent the "seller" for title and fiduciary purposes, and as the buyer you really don't need your own unless you feel like you need to protect your interests.You absolutely should not transfer this property back to a LLC once you own it, especially in the first year as a primary residence, but also because it's completely unnecessary.
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20 February 2024 | 9 replies
The payment will be represented on your (and their) credit with a 100% payment.
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20 February 2024 | 1 reply
The formula for calculating DSCR is straightforward:DSCR=NetOperatingIncome(NOI)/TotalDebtServiceNet Operating Income (NOI) represents the property's income after operating expenses.Total Debt Service includes all debt obligations, such as loan payments, property taxes, and insurance.A DSCR ratio above 1 indicates that the property's income is sufficient to cover its debt obligations, while a ratio below 1 suggests insufficient cash flow to cover debt payments.Lenders usually have specific DSCR requirements, with higher ratios indicating lower risk for the lender.
19 February 2024 | 15 replies
Or can I not represent myself and act only as the principal, while disclosing somewhere in the contract that I am licensed?